Our latest news & announcements

Renaissance is excited to celebrate the 25th year

Since COVID-19’s outbreak, REDC has noticed an increase in clients who have fallen victim to predatory financing schemes that rely on misleading numbers and terminology to disguise extremely high rates of repayment.

Asian Americans for Equality (AAFE) and Renaissance Economic Development Corp. (REDC) announced the creation of the FLUSHING DOWNTOWN FIRE EMERGENCY LOAN PROGRAM, a $1 million loan fund to assist small businesses impacted by the devastating fire at East Commercial Plaza, 40-10 Main St., on March 17, 2022

Renaissance is proud to announce that we are the recipient of a U.S. Department of the Treasury Community Development Financial Institutions (CDFI) Fund grant awarded to support increased lending to small businesses.

Renaissance recently launched an advisory committee that aims to improve our outreach to small businesses in Latinx communities.

The U.S. Department of the Treasury has awarded $1.25 billion in COVID-19 relief funds to 863 Community Development Financial institutions (CDFIs) nationwide, including Renaissance Economic Development Corporation (REDC) and AAFE Community Development Fund. It’s an historic investment in CDFIs from the federal government and a long-sought acknowledgement of the crucial role community lenders play in supporting small businesses and immigrant communities.